Let us help you teach your children or grandchildren the importance of saving and planning for the future.
To open a Children's Savings Account, the child must be 13 years old or under, and have a minimum of $5.00 to deposit into the account.
Opening an account creates an opportunity to secure Credit Union services at Florida Telco for a lifetime: Once children are members, they can remain members no matter where they live or work when they grow up.
Children receive a gift for opening the account! The child may choose between a baby Floyd the seagull or a cell phone calculator.
Parents and Grandparents may have money deposited directly into the account with Direct Deposit, Payroll Deduction or by Automatic Transfer via Private PC. If you choose set up direct deposit of $20.00 or more a month, the child will receive a 2nd gift (usually a piggy bank)!
You may make unlimited in-person deposits and withdrawls to your account. Each Savings Account is allowed up to 6 withdrawls or transfers to another credit union or 3rd party by a preauthorized or automatic transfer, computer transfer, or telephone transfer (per Regulation D).
Your Children's Savings Account is federally insured to $250,000 by NCUA.
